Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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◆Highest rated FIG bail-in paper in euros ◆ Prices level with Nordic peer ◆ Premium paid
Currency's higher yielding appeal has lured investors across the capital stack
More US banks have used callable format for opco dollar issuance this year
◆ US company aims to issue more frequently in euros ◆ Final book heard at €1.75bn ◆ Favourable relative pricing at seven years
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ING was the sole player in the senior unsecured market on Wednesday, making a rare appearance in sterling to end a month and a half drought for senior unsecured issuance in the currency.
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Bondholders have approved a consent solicitation which will enable Kazkommertsbank (KazKom) to assume the role of debtor for BTA’s $750m 2022s. Earlier this year KazKom obtained operational control of BTA. -
A pair of Chinese financial firms have launched offshore renminbi bonds on Wednesday, just a day before China’s Ministry of Finance begins an auction of Rmb12bn ($1.9bn) of dim sum debt.
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Iccrea returned to the senior unsecured market after a year’s absence on Tuesday, selling an aggressively priced five year print. While the Italian lender was able to price the note flat to its secondaries, bankers away from deal judged that the lack of new issue premium likely stunted demand for the deal.
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Axis Bank this week made a successful return to the bond market after more than two years away. While the borrower was not in need of funds it took advantage of tightening spreads to price through its rivals' curves, although US participation in the 144A trade was limited.
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Bankers working on Axis Bank’s new dollar bond are expecting a strong response from investors as the issuer makes its first appearance in two years. A lack of Indian bank supply combined with positive sentiment towards the country is likely to work in its favour.
